KEY TAKEAWAYS
- Binance will launch Doodles (DOOD) trading on its Binance Alpha platform starting May 9, 2025.
- Binance Futures introduces the DOODUSDT Perpetual Contract with up to 50x leverage, available from the same day.
- Eligible Binance users will receive airdrops of DOOD tokens, with a total prize pool of 298,865,583 tokens.
- The DOODUSDT Perpetual Contract will feature a capped funding rate and support for Binance’s Multi-Assets Mode.
Binance has announced the upcoming launch of Doodles (DOOD) for trading on its Binance Alpha platform. Trading is set to begin on May 9, 2025, at 13:00 UTC. Additionally, Binance Futures will introduce the DOODUSDT Perpetual Contract with up to 50x leverage, starting at 13:30 UTC on the same day.
Eligible Binance users with at least 168 Alpha Points will receive an airdrop of 9,873 DOOD tokens within 10 minutes after the start of Alpha trading. A total of 30,271 users will share a prize pool of 298,865,583 DOOD tokens. Furthermore, users with Alpha points between 129 and 167, whose Binance UID ends with the number 3, will also receive a lucky airdrop of 9,873 DOOD tokens.
Details of the DOODUSDT Perpetual Contract
The DOODUSDT Perpetual Contract will be available under the USDⓈ-M category, with Doodles (DOOD) as the underlying asset. The contract will be settled in USDT and will feature a capped funding rate of +2.00% / -2.00%, with funding fees settled every four hours. The maximum leverage offered is 50x, and trading will be available 24/7.
Binance’s Multi-Assets Mode will support the trading of this perpetual contract, allowing users to utilize multiple margin assets, such as BTC, subject to applicable haircuts. The contract will also be available for Futures Copy Trading within 24 hours of its launch.
Binance reserves the right to adjust the specifications of the Futures contract based on market risk conditions. This includes changes to the funding fee, tick size, maximum leverage, and margin requirements.
For more information, you can view the official announcement here.
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